NewEdge Advisors LLC Has $2.14 Million Stock Holdings in Dell Technologies Inc. $DELL

Key Points

• NewEdge Advisors LLC significantly reduced its stake in Dell Technologies Inc. by 51.7% during the first quarter, selling 25,129 shares and now holding 23,471 shares worth approximately $2.14 million.
• Analyst ratings for Dell have been positive, with Barclays, JPMorgan, and UBS all raising their price targets, resulting in a consensus target price of $146.31 and an average rating of "Moderate Buy."
• Dell Technologies has announced a quarterly dividend of $0.525 per share, to be paid on October 31st, with an annualized dividend of $2.10 and a yield of 1.7%.

NewEdge Advisors LLC lessened its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 51.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,471 shares of the technology company's stock after selling 25,129 shares during the period. NewEdge Advisors LLC's holdings in Dell Technologies were worth $2,139,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DELL. Brighton Jones LLC grew its position in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after acquiring an additional 901 shares in the last quarter. Ensign Peak Advisors Inc grew its position in shares of Dell Technologies by 107.6% in the 4th quarter. Ensign Peak Advisors Inc now owns 30,304 shares of the technology company's stock worth $3,492,000 after acquiring an additional 15,709 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Dell Technologies by 19.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,757 shares of the technology company's stock worth $6,886,000 after acquiring an additional 9,784 shares in the last quarter. Nuveen Asset Management LLC grew its position in shares of Dell Technologies by 38.8% in the 4th quarter. Nuveen Asset Management LLC now owns 2,092,295 shares of the technology company's stock worth $241,116,000 after acquiring an additional 585,344 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its position in shares of Dell Technologies by 11.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 38,682 shares of the technology company's stock worth $4,539,000 after acquiring an additional 4,106 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Buying and Selling

In other news, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the sale, the chief executive officer owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. The trade was a 27.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brunilda Rios sold 6,000 shares of the business's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $126.29, for a total value of $757,740.00. Following the completion of the sale, the chief accounting officer directly owned 18,948 shares in the company, valued at $2,392,942.92. This represents a 24.05% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,618,897 shares of company stock worth $1,428,008,024. 42.00% of the stock is owned by corporate insiders.

Dell Technologies Stock Down 0.3%

Dell Technologies stock traded down $0.39 during mid-day trading on Friday, hitting $124.98. 4,363,546 shares of the company's stock traded hands, compared to its average volume of 6,521,694. The firm has a 50 day moving average price of $129.36 and a 200 day moving average price of $111.00. The company has a market cap of $84.84 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 0.86 and a beta of 1.01. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.03. The firm had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The firm's revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.89 EPS. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. On average, analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's payout ratio is currently 30.88%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen upgraded Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Morgan Stanley boosted their price objective on Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price objective on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. The Goldman Sachs Group set a $140.00 price objective on Dell Technologies and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, Bank of America boosted their price objective on Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $146.31.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).